The AI in Business Podcast Keeping Up with AI Regulations in a New Age of Data Privacy - with Stephanie McReynolds of OneTrust
4 snips
Sep 30, 2024 
In this discussion, Stephanie McReynolds, Vice President of Product and Portfolio Marketing at OneTrust, shares her expertise on navigating the complex landscape of AI regulations. She highlights barriers to AI adoption and the vital role of data governance. Stephanie delves into the EU AI Act, outlining its implications for global compliance standards. She also emphasizes responsible AI use and the necessity for organizations to align their policies with practices, mitigating risks while embracing innovation in the realm of data privacy.
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Privacy Concerns in AI Adoption
- A top barrier to AI adoption is privacy, particularly with generative AI.
- Generative AI models don't forget data, making mishandling sensitive information a key concern.
Data Challenges for AI
- Carefully consider purpose, proportionality, and continuity when using data for AI.
- Address purpose limitations, data minimization conflicts, and potential regulatory shutdowns.
EU AI Act Compliance
- The EU AI Act's ban on unacceptable risk AI systems takes effect February 2, 2025.
- Document and assess your AI systems to ensure compliance and avoid regulatory action.